Contracts. With respect to each Contributed Property

Clause

Clause Information


Contracts. With respect to each Contributed Property. (a) The only Contracts and amendments thereto that will be in effect on such Closing Date that are not terminable without cause or penalty within sixty (60) days with respect to the Contributed Entity or the Property (the "Non-Terminable Contracts") are as set forth in Schedule 5.10 (the "Schedule of Non-Terminable Contracts"). (b) To the EL Entities' knowledge, the Property Owner has performed in all material respects all of its obligations under each Contract to which the Property Owner is a party or is subject and none of the Contributors, the Contributed Entity, has given or received written notice, and has no knowledge, of any material default under any of the Contracts. (c) True, complete and correct copies of the material Contracts have been delivered to the LATA Parties. To the EL Entities' knowledge, the Contracts are in full force and effect. The Contracts constitute the entire agreements with such vendors relating to the Property, have not been materially amended, modified or supplemented, except for such amendments, modifications and supplements as have been delivered to the LATA Parties.

Clause Category:Contracts. With respect to each Contributed Property

Clause Variations


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Source Contracts


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